Category: Residential Mortgages
Paradigm firms will be able to use Furness’s products, which include mainstream residential and a range of buy-to-let options.
Mansfield joined the society in January 2015, initially as finance director for Nemo, Principality’s second-charge loans subsidiary, before becoming Nemo’s managing director.
Ipswich Building Society has appointed Trevor Slater as finance director in its executive team and hired three other senior managers.
The mortgage is designed to be repaid from the sale of the home, when the homeowner moves into sheltered accommodation or when they start living with a family member or in another property.
The poll also found that brokers expect the Prime Minister to see out the year in her post despite political pressure.
Having launched into the intermediary space two years ago its first group of customers is set to reach the end of their terms in June.
The average price of a house now stands at £226,000, up 4.9% on January 2017 but when looked at on a shorter term house price growth is down 5% compared to December 2017.
OMS, which is currently available through specialist packagers AToM and Complete FS, offers mortgage brokers a processing platform from enquiry to completion.
The customers, a couple in their 50s, had inherited a bungalow and wanted to release equity in the mortgage-free property, to share between their family members.
Figures from UK Finance show that in November 2017 there were 34,800 new first-time buyer mortgages, 15.2% more year-on-year while there were 6,600 buy-to-let house purchase mortgages, 1.5% less year-on-year.